Cushman & Wakefield PLC $CWK Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,740,993 shares of the company’s stock after buying an additional 280,136 shares during the quarter. Dimensional Fund Advisors LP owned about 5.50% of Cushman & Wakefield worth $202,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CWK. First Horizon Corp acquired a new position in shares of Cushman & Wakefield during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its position in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares during the period. Osaic Holdings Inc. lifted its position in Cushman & Wakefield by 85.9% in the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after purchasing an additional 2,012 shares during the period. CENTRAL TRUST Co bought a new position in Cushman & Wakefield during the 2nd quarter valued at $50,000. Finally, GAMMA Investing LLC boosted its stake in Cushman & Wakefield by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $12.63 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 33.24 and a beta of 1.49. The stock’s fifty day simple moving average is $15.26 and its 200 day simple moving average is $15.69. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business posted $0.48 earnings per share. Cushman & Wakefield’s revenue was up 10.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWK. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, February 9th. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Barclays reiterated a “positive” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.